Empirical tests of the HO model have had mixed results. One explanation for this is that Select one: OA. it assumes that countries have different technologies. OB. it does not explain the effects of trade on income. OC. the Ricardian model is more detailed. OD. it is difficult to measure factor endowments.

Empirical tests of the HO model have had mixed results. One explanation for this is that Select one: OA. it assumes that countries have different technologies. OB. it does not explain the effects of trade on income. OC. the Ricardian model is more detailed. OD. it is difficult to measure factor endowments.

Microeconomics: Principles & Policy

14th Edition

ISBN:9781337794992

Author:William J. Baumol, Alan S. Blinder, John L. Solow

Publisher:William J. Baumol, Alan S. Blinder, John L. Solow

Chapter19: Labor And Entrepreneurship: The Human Inputs

Section: Chapter Questions

Problem 8DQ

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